• Qupital

  Participated · Series B · Nov 2021

  Qupital provides financing to e-commerce sellers by harnessing sales data to streamline credit underwriting for merchants on platforms such as Amazon, eBay, Lazada and Shopee. The platform targets creditworthy merchants who are traditionally underserved and packages receivables as an alternative asset class for professional and institutional investors. As of October 2021 Qupital had advanced over US$500 million in loans to roughly 7,000 merchants and tracked an annualized gross merchandise value (GMV) of over US$3 billion. The company plans to scale its cross-border lending business, build a B2B “buy now, pay later” marketplace, and expand its footprint across mainland China as well as Southeast Asia, North America and Europe. Qupital intends to invest in R&D—specifically AI, big-data technology and MLOps—and expects to triple the size of its team by 2022 to support expansion. The firm currently concentrates operations around Guangzhou and Shenzhen and emphasizes Hong Kong and the Greater Bay Area as strategic hubs for growth. Qupital operates a platform that provides invoice-backed lending and supply-chain financing for small and medium-sized enterprises, matching loans that cover most of an invoice's value with investors and funders. The company charges SMEs a fixed-percentage service fee and a discount fee, and takes a percentage of net gains made by investors. Qupital has processed 8,000 trades totaling HKD 2 billion in value and says it has served hundreds of SMEs. It plans to expand its supply-chain financing products and launch operations in mainland Chinese cities, including Shanghai, Hangzhou, Guangzhou and Shenzhen. Qupital will set up a new technology center in the Guangdong‑Hong Kong‑Macau Greater Bay Area and hire roughly 100 people for its Hong Kong office this year to bolster tech development and risk management. The company uses alternative data sources to assess creditworthiness and targets SMEs underserved by traditional lenders. Qupital operates a marketplace that lets SMEs take loans against unpaid invoices while matching those loan needs with investors/funders. The platform went online in August 2016 and to date has processed 80 trades with a total value of over $2 million. It earns fees from borrowers of 0.25–0.75% of invoice value and takes 20% of net gains made by investors; investors can expect roughly 1% per month (about 12% annualized). The company aims to reach break-even within the next 18 months by scaling its customer base. Founders are mid-20s entrepreneurs Andy Chan (25) and Winston Wong (26). Qupital is considering new products such as purchase order financing and automated investor contributions, and may expand to export-oriented markets like Vietnam, Taiwan or Thailand after a Series A.

• Ignatica

  Led · Equity · Jul 2021

  Ignatica offers a SaaS policy-administration platform that enables insurers to build and launch products quickly, automate back-office servicing, and provide digital self-service for complex insurance products. Its tooling lets product managers create and edit coverages, adjust pricing dynamically, and change product configurations in seconds. The platform is positioned to reduce administration costs and transform the consumer servicing experience. Ignatica said the company plans to continue scaling globally while deepening its presence in the Hong Kong and Greater China markets. The company was founded in 2018 and led by co‑founders Manuel San Miguel, Adhish Pendharkar, and Travis Callahan. As of July 7, 2021 the firm had received a strategic investment from Hong Kong’s Innovation and Technology Venture Fund. Ingatica offers a SaaS platform that lets insurance product managers create and edit coverages and plans, dynamically adjust pricing, and change product configurations in seconds. The company emphasizes digital self-service and back-office automation, and its technology focuses on transforming data on demand to help insurers move faster and lower costs. Ingatica positions its platform to enable even the most complex insurance products to be serviced at the front edge for mobile consumers. The company closed a $7 million pre-Series A funding round led by Lingfeng Capital, with participation from SOSV Investment Funds, Artesian and AFG Partners Fund among others. Management said the raise was driven by “stunning growth” over the prior 18 months. Executives indicated the capital will be used to accelerate growth across Southeast Asia, China, Japan and into Europe and North America.

• ICW

  Participated · Series A · Jan 2021

  ICW operates a B2B supply chain management platform that consolidates testing, inspection, and certification resources to provide dedicated quality control for retailers and manufacturers. Launched in 2016 and based in Hong Kong with an office in Singapore, the company covers procurement, product testing and compliance workflows. The startup plans to use its new funding to improve the tech infrastructure of its compliance management system and its product testing platform. ICW also intends to embed new features into its B2B procurement platform, iSource. The company describes its product as a way to digitalize and streamline supply chain processes for clients. No revenue or user metrics were disclosed in the article.

• Zeek

  Participated · Series A · Dec 2020

  Zeek offers data-driven intelligent logistics and O2O last-mile delivery solutions across F&B, lifestyle and FMCG verticals, with products including Zeek F&B Delivery, ZeekDash (Point-to-Point O2O) and Zeek2Door (e‑commerce parcels). The company provides online order management, delivery capacity management, big data analytics and O2O operations enhancement to global top-five F&B brands, fast-food chains, supermarkets, department stores, convenience store chains and online platforms. Founded in Hong Kong by Kin Shun Information Technology Limited in 2017, Zeek has expanded into Singapore, Thailand, Vietnam and Malaysia and planned entry to Taiwan, the Philippines and Indonesia in 2021. Operational metrics cited include handling over three million delivery orders in the first three quarters of 2020 (100% YoY growth) and a 50% increase in manpower to meet demand. Zeek reported revenue exceeding US$28 million in 2020 and estimated at least 100% growth in 2021. The company plans to use new funding to expand across Southeast Asia, enhance its logistics management technology and data analytics applications, extend intelligent logistics to more industries, and pursue strategic partnerships or M&A to accelerate growth.

No current team members are available.